BUDAPEST: The technology company Continental announced the construction of a new manufacturing plant in Hungary to expand its automotive electronics production footprint. Continental currently has six plants and a tire sales and logistic centre in Hungary. By choosing Debrecen as the seventh Hungarian location, Continental is increasing the production of electronic components for European markets.
As the second largest city in Hungary and also a regional centre with an outstanding infrastructure and highly qualified workforce, Debrecen is the ideal location for our next expansion. The decision reflects the trust in and strong positive feedback about the performance of the existing Continental organization in Hungary”, said Dr.
Róbert Keszte, Managing Director at Continental Automotive Ltd. “The Hungarian government and the local municipality were providing an excellent support to prepare the investment, so we can progress quickly and complete the construction by the middle of 2019.”Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods.
Founded in 1871, the technology company offers safe, efficient, intelligent and affordable solutions for vehicles, machines, traffic and transportation. In 2017, Continental generated preliminary sales of around €44 billion and currently employs more than 2,33,000 people in 56 countries.